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If this Brighton home had sold three months ago, it might have been close to the Melbourne record.
Even so, a price guide of $46 million to $50 million will place the beachfront home at 16 Moule Avenue in the top echelon of Melbourne’s property market once it is listed next week.
16 Moule Avenue, Brighton is for sale with a price guide of $46 million to $50 million.Credit:Kay & Burton
And its new owner could need even deeper pockets because the home is being offered as an opportunity to renovate and extend, or knock down and rebuild a new dream home.
Last renovated in the 1970s, Teychel is set on an oversized block of about 4500 square metres on Brighton’s Golden Mile and has had only two owners in a history that spans a century.
It last traded in 1971 to property developer Bruce Terry, and public records show the home is the deceased estate of the late Judith Terry.
Kay & Burton managing director Ross Savas has the listing and said the home is the most significant Bayside offering in the past 50 years.
Teychel offers the opportunity to renovate or rebuild.Credit:Kay & Burton
“The local and national market will no doubt be keeping a close eye on this landmark offering, but it will undoubtedly attract extensive interest from across the globe due to its significance and absolute beachfront position,” he said in a statement.
“Teychel is an iconic once-in-a-generation opportunity to establish a lifestyle like no other.”
The single-level, three-bedroom residence offers bay views, landscaped gardens, rolling lawns, swimming pool, tennis court, boat shed and housekeeper’s cottage.
It features elaborate mantlepieces, a marble en suite, a study and a French-inspired sitting room.
Morrell and Koren buyer’s advocate Matt Cleverdon said the “iconic address” is the biggest block of land fronting the water in Brighton.
“It’s going to be highly sought after due to the opportunity it presents,” he said.
Melbourne’s house price record was smashed this winter by the $80 million sale of a knockdown-rebuild on grand boulevard St Georges Road in Toorak to crypto prince Ed Craven.
Another home on the same street found a buyer for just shy of $75 million at about the same time.
This $80 million Toorak mansion holds Victoria’s house price record.Credit:Louis Trerise
Victoria’s previous house price record was $52.5 million for the mansion known as Stonington, in Malvern, sold by art dealer Rod Menzies in 2018.
The previous highest price paid in Toorak was by Chemist Warehouse owner Sam Gance, who spent $43.1 million to buy a Lansell Road pile from British businessman Mark Healey and his wife Kelly last year.
In Hawthorn, former Australia Post boss Ahmed Fahour sold his home Invergowrie for $40.5 million last year to Stephen and Angela Tomisich, co-founders of Trajan Scientific and Medical.
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